New information is rolling out that provides glimpses of development plans by the Dart Group in Camana Bay and out.
Earlier this month, the surface parking lot on the southwest corner of Market Street and Forum Lane closed for public use, while Camana Bay’s weekly farmers’ market has been relocated to the northern end of Market Street.
The parking lot closure and farmers’ market move make way for Dart to construct a new building on that site, called “Block 5”. In a news release, Dart directed Camana Bay visitors to park in a nearby garage or use other surface parking in the area.
The farmers’ market, held Wednesdays from noon to 7pm, is moving to a new temporary location across from Anytime Fitness and Jessie’s Juice Bar. The farmers’ market will have a permanent home in “a new purpose-built facility in early summer”, according to the news release.
Additionally, people can now use Camana Bay’s new recycling facility located to the west of Esterley Tibbetts Highway. The facility, which accepts glass and aluminium, “can be reached by turning left immediately before Camana Way when driving north on the Esterley Tibbetts Highway”.
After Dart dropped out of continuing negotiations on a new amendment to a signed agreement that opens the Esterley Tibbetts extension to West Bay and closed a part of West Bay Road to make way for a new Dart hotel, government released a PricewaterhouseCoopers analysis of the proposals. In the analysis appears a tentative list of projects that Dart is considering for Grand Cayman, outside of Camana Bay.
Those projects include a 265-room hotel on the former site of the Courtyard Marriott hotel (US$400 average daily rate). Other potential hotel developments that Dart is considering include three other hotels on West Bay Road, ranging from 150 to 300 rooms apiece and average daily rates of US$200 to US$300, as well as an eco-tourism hotel with 100 rooms (US$350 average daily rate) to be located either on Barkers or the Esterley Tibbetts Highway next to North Sound.
“These plans imply that the number of hotel rooms in the Cayman Islands would increase by 53 per cent compared with 2011,” according to the report.
Subject to a number of independent factors, construction on the hotels would begin from 2015 to 2020 and be finished between 2016 and 2022, potentially.
Dart’s plans also call for the construction of 425 condo units near the proposed hotels over the period up to 2026, as well as the construction of 1,009 homes (ranging in price from US$900,000 to US$1 million) along the Esterley Tibbetts extension through 2039.
Also, Dart is planning for two commercial centres with a total development cost of US$47 million, to be built by 2020, according to the report.